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Open the folder
C:\Users\[username\AppData\Local\Temp\Excel8.0\ or C:\temp\Excel8.0\ directoryNote: this folder might be hidden by default on your machine.You can navigate there directly by typing the path in the Explorer window.

Make a backup copy
of the file MSForms.exd.

Delete the
existing/original MSForms.exd file.

Restart Excel.

The Active-X
buttons in XPE should now work again.

Microsoft describes .exd files in the following link.

The renaming or deleting of these files should not cause serious issues.